Live updates: Bitcoin climbs from session lows as interest rates ease
Bitcoin reversed earlier losses to trade higher on Thursday, as a pullback in bond yields eased pressure on risk assets. The move offers a temporary reprieve for crypto bulls after a week of volatility tied to interest rate expectations.
The recovery follows a session where yields on the 10-year Treasury note retreated from recent highs, providing a tailwind for Bitcoin and other speculative assets. The correlation between Bitcoin and real yields has been a key driver in 2025, with the digital asset often moving inversely to borrowing costs.
The easing in yields comes as market participants reassess the pace of Federal Reserve rate cuts. While the Fed has signaled a cautious approach, softer economic data this week has revived bets on a potential cut in the coming months. Bitcoin's bounce from intraday lows suggests traders are positioning for a more accommodative stance.
However, the move is still tentative. Bitcoin remains below its 50-day moving average, and volume has not surged decisively. The broader equity market, with the S&P 500 also recovering, shows that risk appetite is fragile. Investors are watching for any shift in Fed rhetoric or inflation prints that could reignite yield pressure.
O que observar: The next catalyst is Friday's PCE inflation report. A softer reading could cement rate cut expectations and push Bitcoin toward resistance at $70,000. Conversely, a hot print would likely send yields higher and test the rebound's durability.
Frequently asked questions
Why did Bitcoin bounce from lows?
A decline in bond yields, particularly the 10-year Treasury yield, reduced the opportunity cost of holding non-yielding assets like Bitcoin, prompting a short-covering rally.
How does this relate to the Federal Reserve?
Lower yields reflect growing market expectations that the Fed may cut rates sooner than previously anticipated, which is supportive for Bitcoin and risk assets.
Is this a sustainable recovery?
Not yet. The rebound is volume-light and faces resistance. Confirmation requires a sustained yield decline and a break above key technical levels.
Reporting contributed by CoinDesk — CoinDesk · Título original: "Live updates: Bitcoin climbs from session lows as interest rates ease"
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